Hexavest Inc. Takes $256,000 Position in Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR)

Hexavest Inc. purchased a new stake in Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,190 shares of the oil and gas company’s stock, valued at approximately $256,000.

Several other hedge funds also recently bought and sold shares of the company. Parametric Portfolio Associates LLC grew its position in Par Pacific by 3,750.1% in the second quarter. Parametric Portfolio Associates LLC now owns 2,424,031 shares of the oil and gas company’s stock worth $49,741,000 after acquiring an additional 2,361,071 shares during the period. Nuveen Asset Management LLC purchased a new position in Par Pacific in the second quarter worth approximately $16,422,000. Renaissance Technologies LLC grew its position in Par Pacific by 98.5% in the second quarter. Renaissance Technologies LLC now owns 1,365,300 shares of the oil and gas company’s stock worth $28,016,000 after acquiring an additional 677,400 shares during the period. Royal Bank of Canada grew its position in Par Pacific by 1,514,300.0% in the second quarter. Royal Bank of Canada now owns 454,320 shares of the oil and gas company’s stock worth $9,323,000 after acquiring an additional 454,290 shares during the period. Finally, KBC Group NV grew its position in Par Pacific by 322.0% in the second quarter. KBC Group NV now owns 593,670 shares of the oil and gas company’s stock worth $12,182,000 after acquiring an additional 453,000 shares during the period. Institutional investors and hedge funds own 83.57% of the company’s stock.

NYSEAMERICAN:PARR opened at $22.33 on Friday. Par Pacific Holdings, Inc. has a 12 month low of $13.68 and a 12 month high of $23.58.

Par Pacific (NYSEAMERICAN:PARR) last posted its earnings results on Monday, August 5th. The oil and gas company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05). The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.55 billion.

Several brokerages recently weighed in on PARR. Zacks Investment Research lowered Par Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Royal Bank of Canada set a $22.00 price target on Par Pacific and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $23.20.

In related news, CEO William Pate sold 28,705 shares of Par Pacific stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $21.25, for a total transaction of $609,981.25. Following the completion of the transaction, the chief executive officer now directly owns 220,855 shares in the company, valued at approximately $4,693,168.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Curt Anastasio sold 11,868 shares of Par Pacific stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $21.89, for a total transaction of $259,790.52. Following the completion of the sale, the director now directly owns 60,568 shares of the company’s stock, valued at $1,325,833.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,666 shares of company stock worth $2,892,554. Corporate insiders own 2.80% of the company’s stock.

Par Pacific Profile

Par Pacific Holdings, Inc owns, manages, and maintains interests in energy and infrastructure businesses. It operates through three segments: Refining, Retail, and Logistics. The Refining segment operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products.

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Institutional Ownership by Quarter for Par Pacific (NYSEAMERICAN:PARR)

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